Dear BOMA New York Members,

I hope everyone is enjoying the summer. Here at BOMA New York, we’ve been busy adding value to your summer months, as well as preparing for the balance of the year. The following update summarizes those endeavors.

I am proud to report that after a 12-month review process and strong advocacy from BOMA International, the U.S. Environmental Protection Agency (EPA) recently released an updated ENERGY STAR scoring model for commercial buildings. The update comes after many real estate owners and managers discovered that the methodology was unfairly skewed against buildings in colder climates. With the adjusted scoring model, buildings in New York, Chicago, Boston and other cold climate cities, will now see an increase in their ENERGY STAR scores.

In July, Conrad Engineering came to the BOMA New York boardroom, filled with commercial brokers, property managers and other emerging leaders, to present a unique Knowledgebase Breakfast called – HVAC Simplified. We are currently developing more likeminded programs to help BOMA New York members stay at the top of their professional game.

Leading by example, BOMA International – in collaboration with BOMI International – announced its newest certification program called Certified Manager of Commercial Properties (CMCP), the only certification of its kind designed for professionals early in their careers. To find out how you can qualify and start building a strong foundation for your career in property management, please click here.

As we wind down the summer and look ahead, we’re preparing for National Preparedness Month (September). Please keep a look out for information that BOMA New York will distribute regarding best practices for developing Emergency Plans. This includes proactive measures for both natural and human-based threats.

We’ve seen an increase in BOMA New York membership in the last few months, due to change in the bylaws, which put an end to the 10-year waiting list for Allied members. This attracted members from the brokerage, residential and healthcare communities. Our goal is to continue to grow membership from other CRE sectors and provide value to the entire industry.

I look forward to seeing all of the new, emerging and seasoned BOMA New York Members at the Annual Membership Event, scheduled for September 18th, located at the 230 Fifth Rooftop Bar – A MEMBERS ONLY EVENT you don’t want to miss.

Sincerely,
Hani J. Salama, PE, LEED-AP
Chair & CEO of BOMA New York

This win for the real estate industry affects all buildings across the country that are in cold climates. The new scoring model, once again, takes into account winter heating requirements of buildings that had been included in earlier scoring methodology, but had been removed from the most recent version. Depending on the building, usage and exact location – building owners and managers could experience a 4-7 point increase, due to the revised scoring model. Those points could help a building receive its first Energy Star Certification or assist a building with a better classification.

The scoring model uses data collected via a survey issued by the Department of Energy every four to five years. Therefore, the benchmark for best practices is raised every few years by owner/operators that continue to reinvest in sustainability and energy reduction.

For more information, or to find out how to apply for the ENERGY STAR certification – please click HERE.

Congratulations to the incoming nominees for the BOMA New York 2020 Pinnacle Awards. As we conclude a full cycle of TOBY achievements, the New York Real Estate Journal announced the nominees for the 2020 Pinnacle Awards. In order to solidify the nomination, all candidates must complete the required paperwork. Read the article HERE.

The Home Depot offers BOMA members an exclusive annual rebate program. Receive a 2% annual rebate on all qualifying in-store and online pre-tax purchases, plus extra services and savings. There is no cost to enroll. Annual purchases must total a minimum of $25,000 to qualify for the rebate. So, what are you waiting for? Start earning money on your company’s Home Depot purchases now. Be sure to enter the program code BOMA when you register. Learn how to get started in this video. The 2019-2020 rebate year began March 1, 2019. Click HERE to enroll.

Become a BOMA New York member by September 30, 2019 and receive three extra months at no additional cost. Individuals who join BOMA New York under the “15 for 12” initiative will become active members from October 1, 2019 through December 31, 2020. Potential members must apply by September 29, 2019. To apply, please CLICK HERE.

With multiple events planned for the balance of 2019 and preparation for 2020 underway, now is the time to align your company with BOMA New York. Sponsorship opportunities include and are not limited to the 2019 Holiday Luncheon and 2020 Pinnacle Awards. Please contact Ami Shah at ami@bomany.com to find out the many benefits of a BOMA New York sponsorship.

One of the most valuable and exciting aspects of your BOMA New York membership is the opportunity to affect change via one of our numerous committees. Collaborate with top industry executives and lead by example. Jump start your career and JOIN A COMMITTEE TODAY.

Nominate an organization that makes NYC great for all. The Civic Betterment Award honors organizations that make New York a better place to live, work and play. Previous winners include Women in Need, The Kids for Kids Foundation and Liberty Park at WTC. NOMINATIONS are due by September 20, 2019.

The Capital Region Building Owners and Managers Association, located in Albany, New York will host the 2020 Middle Atlantic Conference. Please have a look at the sponsorship opportunities HERE.

August 26-28, 2019
9:00 AM - 5:00 PM
Location: BOMA New York, 1 Penn Plaza, Suite 2205, New York, NY

You will learn how to maximize the value of a property. You will develop knowledge about basic financial concepts as they relate to real estate, including valuation, analysis, taxation, depreciation, and life-cycle costing. Similarly, you will learn to evaluate real estate investments and to develop budgets that estimate net operating income.

September 10-12, 2019
9:00 AM – 5:00 PM
Location: BOMA New York, 1 Penn Plaza, Ste. 2205, New York, NY

This course will feature applications and problems you can use to create building and facilities' budgets. In this course, you will have the opportunity to apply concepts within the real property and facilities context. You will follow the accounting process and creation of a budget from start to finish, learning valuable skills such as how to interpret financial statements, annual reports, and statements of cash flows. You will also learn practical skills such as how to compile lease abstracts and prepare rent rolls. The course includes valuable exercises pertaining to computing productivity ratios, depreciation, ending cash balances, preparing income and expense budgets, and explaining budget variances.

September 18, 2019
8:00 AM - 9:30 AM
Location:  BOMA New York, 1 Penn Plaza, Suite 2205, New York, NY

Presented by Kingsley Associates, this session will review best practices for tenant satisfaction and loyalty. They will reveal factors that are most highly correlated with overall satisfaction and provide tangible focus areas that have a significant impact on tenant satisfaction and retention across portfolios. For registration information, please contact Bobbi McGowan at bobbimc@bomany.com.

September 18, 2019
Location: 230 Fifth Avenue, Rooftop, New York, NY

Our annual Rooftop Mixer at 230 Fifth Avenue is one of the most memorable evenings of the year. It’s an opportunity to close out the summer with industry friends, good food, fun drinks and amazing views. Save the Date – Sept 18th, 5:30 pm - 8:30 pm.

September 18 - October 23, 2019
5:30 PM - 8:30 PM
Location: BOMA New York, 1 Penn Plaza, Suite 2205, New York, NY

This newly redesigned course will help you become an effective manager and leader in your organization. Your role will take on new meaning as you learn and understand the impact that you can have on your organization and with the individuals who work for you. The course will reinforce the theory and strategies with a new case study in which management practices are applied to address industry trends and issues related to enhancing the value of an asset.

September 19, 2019
11:30 AM - 1:00 PM
Location:  BOMA New York, 1 Penn Plaza, Suite 2205, New York, NY
Presented byL iES

Demand management is just as important as energy efficiency and in some cases, it's more important. This Lunch N’ Learn will explore this concept and debunk common misconceptions, identify key areas to manage costs more effectively, and learn how to setup your building for success in the future. For registration information, contact Becky Perez at becky@bomany.com.

September 25, 2019 (2 HR Lunch 'n Learn)
Stay tuned for more info.

September 30, 2019
9:00 AM – 5:00 PM
Location: BOMA New York, 1 Penn Plaza, Suite 2205, New York, NY

In today's complex business environment, it is increasingly important for property managers to know how to address legal and risk management issues. This course will provide you with a foundation in the basic principles of law and risk management, helping you deal with everyday legal and risk issues surrounding your business. In addition to addressing leasing and conveyance, the course covers important issues on contracts, employer/employee relations, property rights and environmental law.

Please join us in welcoming our new BOMA New York members.

If you have a candidate for membership, please contact Ami Shah, our Director of Membership and Special Events at membership@bomany.com. And visit us at bomany.org for information on the difference a BOMA New York membership makes.